This chart shows a left shoulder and head, the right shoulder has not yet formed, sell now
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Bullish
$RAY /USDT Braces for a Breakout: Key Levels to Watch!
$RAY /USDT is trading at $5.526 (+3.97%), holding its ground after pulling back from its 24-hour high of $5.644. The 15-minute chart reveals consolidating momentum, with the RSI neutral at 43, hinting at potential upward or downward movement based on volume shifts. If the pair regains momentum, it could test the resistance zone again, creating opportunities for breakout traders.
Traders may consider entering around $5.526 with take-profit targets at TP1: $5.570, TP2: $5.620, and TP3: $5.680. Key support levels are positioned at $5.470 and $5.420. A stop-loss (SL) should be placed at $5.400 to manage risk effectively.
With RAY showing a strong historical uptrend over 90 days, watch for renewed buying interest at these critical levels. Stay alert and plan your trade wisely!
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